Motor Insurance : Life in Moon
Scientists say, "There is no life on Moon." But our S. Kumar (a retired Insurance Executive but popularly called as Senior DM, even today) dismisses it as, "Rubbish, they don't…
Curb your motor insurance costs
With the IRDA raising third party motor insurance premiums, motor insurance costs have risen. In times of high inflation, this is an added burden on vehicle owners. However, there are…
Water damage
Recently there was an article in Times of India about damage to a car by flood water. One of the private insurer have stated of negligence of a car driver,…
Motor Insurance Business – A bleeding portfolio worsening after liberalization
The origin of Motor Insurance began in 1895 in England. It is surprising to note, when he motor vehicles started its operation, General Insurance Corporation was the first company to…
Tips for saving money on car insurance policy
If you are a car owner, you know that one of the most important documents you are required to possess apart from your driver's license is a valid car insurance…
Private insurers have 70 per cent of India’s motor insurance market: study news
Private insurers provide nearly 70 per cent of the motor insurance cover in India and almost 90 per cent of the insurance shoppers are looking for comprehensive policies, according to…
Law commission Report: Legal reforms to combat road accidents
Law Commission Report: More than 100,000 Indians are dying every year in road accidents.More than a million are injured or maimed. Many years ago, a study found that road accidents…
CHALLENGES AND OPPORTUNITIES FOR INDIAN MOTOR THIRD PARTY INSURANCE POOL
INTRODUCTION Indian Motor Third Party Insurance Pool (IMTPIP) has been set up by all General Insurers in India to collectively service Commercial Vehicle Third Party Insurance business. Insurance Regulatory and…
India Motor Third Party Insurance Pool (IMTPIP)
With effect from 1st January, 2007, tariffs were withdrawn from the non-life insurance market. However, keeping in mind the mandatory nature of the third party business, the Authority decided to…
Relevance of Investigation and Importance of written statement in MOTOR THIRD PARTY CLAIM CASES
Motor insurance is the biggest and fastest growing portfolio in the Indian general insurance market. There has been an alarming increase in road accidents during recent years.